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Fuel prices have receded for a month, but at half the rate of surge
New Delhi, July 6 (IANS) Although petrol and diesel prices receded in the past one month, the rate of decline in fuel prices was half the pace of the surge witnessed during May 14-29.
Both petrol and diesel prices were on a decline during the May 30-June 26 period before remaining stable between June 27 to July 4.
As fuel prices have started to rise again with both the key transportation fuels’ cost rising for the second straight day on Friday, a look at the “respite” consumers received over the past one month.
Petrol prices across the four metro cities fell at an average rate of 10.68 paise per day during the 28 days of continuous decline, in contrast to the average daily hike of 22.81 paise in the 16 days preceding the decline.
In the national capital, price of the fuel declined by Rs 2.80 per litre in the past one month, compared to the Rs 3.63 a litre rise in the previous 16 days.
Similarly, in Kolkata, Mumbai and Chennai, prices declined by Rs 2.83, Rs 3.30 and Rs 3.03 per litre, respectively in the last one month, against the rise of Rs 3.56, Rs 3.59 and Rs 3.03 during the May 14-29.
On Friday, in Delhi, Kolkata, Mumbai and Chennai, rising for the second straight day, petrol prices were at Rs 75.65, Rs 78.53, Rs 83.24 and Rs 78.72 per litre.
In line with the trend in petrol prices, cost of diesel also declined in the past one month but at a much slower pace, almost one-third the rate of surge during the previous 16 days.
Average rate of fall in diesel prices during May 30-June 26 was 7.34 paise a day across the four major cities, compared to the 20.51 paise of average average hike during May 14-29.
Both in Delhi and Kolkata diesel prices fell by Rs 1.93 during the mentioned 28 days, while it rose by Rs 3.17 and Rs 3.18 respectively during the forthnight of continuous surge.
In Mumbai and Chennai, price of the fuel declined by Rs 2.30 and 2.06 per litre respectively while they had risen by Rs 3.36 and Rs 3.42 a litre.
On Friday, it was sold at Rs 67.66, Rs 70.21, Rs 71.79 and Rs 71.42 per litre in Delhi, Kolkata, Mumbai and Chennai, up for the second day in a row, and the relief, however slow in pace has subsided for now.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.